Tag Archives: lease

An Office-Like space /B1 business space in Paya Lebar area. Located at Ubi Centre #03, this business space is also available for rent for 2 years at $2.4K. Size is 1152 sqft of renovated fitted space ready for business. For sale at $575K. Call David King for more details.

Like this:

Prices and rentals of industrial space kept moderating in tandem with occupancy rates in the third quarter after a rise in supply of industrial land and space by the Government in recent years.

Tender prices for industrial government land sale sites targeting multiple-user developments have also declined, said state industrial landlord JTC yesterday.

Indicies for industrial space and multiple-user rental fell by 1.8 per cent and 2.2 per cent respectively, quarter on quarter.

Year on year, those two indices declined by 1.3 per cent and 2.3 per cent respectively.

This is the first year-on-year drop in rentals since early 2010, in contrast to the average increase of about 8 per cent a year over the past four years, said JTC.

Prices of industrial space also kept stabilising, with the industrial space and multiple-user factory space price indices falling by 0.9 per cent and 1.8 per cent respectively, quarter on quarter.

These falls reverse their respective gains of 0.7 per cent and 2.5 per cent in the previous quarter.

Colliers International director of research and advisory Chia Siew Chuin said the fall in multiple-user factory prices is not surprising, given the subdued state of strata-titled industrial property sales amid a price standoff between buyers and sellers.

Year on year, the industrial space and multiple-user factory space price indices rose by 0.2 per cent and 3.4 per cent respectively, significantly slower than their average rises of about 16 per cent per year over the past four years.

After a 0.9 percentage point decline in the second quarter, the occupancy rate of the overall industrial property market edged up by 0.2 percentage point quarter on quarter to 90.9 per cent in the third quarter.

This was on the back of a 1 per cent rise in demand, outstripping a 0.8 per cent increase in supply.

The better occupancy rate was driven by the warehouse segment, mainly due to the take-up of a few new single-user warehouses.

For multiple-user factory space, the occupancy rate fell by 0.5 percentage point to 86.8 per cent, the lowest level since late 2007, as a 1.5 per cent increase in supply outstripped the 1 per cent increase in demand.

Year on year, the occupancy rate of the overall industrial property market slid 1.8 percentage points to 90.9 per cent.

For multiple-user factories, the occupancy rate fell by 3.3 percentage points to 86.8 per cent.

Looking ahead, about 1.2 million sq m of industrial space, including 167,000 sq m of multiple- user factory space, is set to come onstream this quarter, bringing the full year supply of industrial space to 3.1 million sq m.

A further 2.6 million sq m and 1.9 million sq m of industrial space is tipped to come onstream in 2015 and 2016 respectively.

This is significantly higher than the average annual supply and demand of about 1.4 million sq m and 900,000 sq m respectively in the past three years, and is likely to exert further downward pressure on occupancy rates, JTC noted.

The Government will keep monitoring the industrial property market closely to ensure that the diverse needs of industrialists are met, it added.

“Appropriate measures will also be introduced where necessary to promote a stable and sustainable industrial property market.

“JTC will also continue to develop more specialised and innovative facilities with productivity- enabling features such as shared facilities and services, to support the growth of key industry clusters and catalyse new ones in the coming years.”

Ms Chia reckons sentiment is expected to remain mixed in the final quarter, given the uncertainties surrounding the global economic recovery.

SGBayHomes Visits

Map of property listings

Posts from Katonghomes: Katong Homes

The following steps will prepare your home for a quicker sale and maybe help with the price. 1. Fix and Repair If you have been dragging your feet to make all those repairs, now is the time to fix all of those nagging things that you just lived with. Inside the house, look for things […]

Are you looking to buy a freehold condo for less than $800K? Well look no further, as I have a 999-year leasehold (as good as freehold) condo in Kovan area for sale. Totally move-in condition! As owner bought it new 3 years ago and had a beautiful renovation for the home. With balcony in a […]

Are you looking investing out of Singapore for a change? Tokyo 2020 is only a couple of years away but Japan is transforming into a hotspot for both real estate investment and capital inflows. Join us for our Japan Property Gallery on 17/18 March 2018 held at Hyatt Hotel from 1- 5 pm.

Local mid-sized developer Roxy-Pacific Holdings’ associate company RH Guillemard was acquiring two freehold residential sites at 2 and 6 Guillemard Lane for a total price of $33.5 million. The developer plans to combine the two sites with two other freehold sites at 12 and 14 Guillemard Lane for residential development. Roxy-Pacific had announced the acquisition […]

The enbloc fever in Singapore does not seems to subside but only get hotter. Not only that record prices have reached for collective sales in their respective regions, but ever more estates are hopping onto the wagon. The popular East Coast/Katong area also hit headlines recently. Notwithstanding the recent transaction in July for The Albracca, […]

Are you looking for a home in the East Coast/Marine Parade area by the sea? This is a spacious home in the East Coast/Marine Parade area. Near to well known schools (Victoria School/ VJC/CHIJ, St Patrick, etc). Mins to Airport, CBD via ECP. Walking distance to the beach, the largest park in Singapore. Serene and […]

Dear readers, thank you for your continuing support for Katonghomes. As of today we have recorded more than 23,000 visits. We hope you find the content useful. Feel free to give your feedback to us. Do also join us in our mailing list! Have a great weekend ahead!

Looking for an affordable property investment in prime Katong/East Coast area? This shop is an investment with potential for redevelopment. Basement unit with existing tenancy. Near Parkway Parade, i12 Katong Mall, East Coast Park and new MRT station. Call David for more details http://www.sgbayhomes.com/20921021

A unit of Chip Eng Seng Corp and Unique Real Estate has put in the top bid for a plum site in Woodleigh Lane. Unique Real Estate is a joint venture of Heeton Holdings and KSH Holdings units. The 99-year leasehold site launched on May 30 under the confirmed list for the first half of […]

Recent posts: Regality Singapore

David Low Chor Hoon, holder of the overall Singapore EY Entrepreneur of the Year 2016, bought a old corner bungalow in Gallop Park from a retired developer. The price was at $22.888M. Based on a land area of 17,042 sqft, the price works out to be $1,343 psf. David Low, the chairman and CE of […]

The market for good class bungalows (GCBs) is lukewarm. However sales for smaller bungalows in GCB areas are on a upward trend. Good class bungalows (GCBs) are the most prestigious segment of landed property in Singapore. On the GCB front, a caveat was lodged on June 12 for the most expensive one sold this year. […]

The family that controls Hin Leong, a oil trading group, bought a bungalow in the GCB area of Queen Astrid Park, for $46M. This is the biggest purchase of such class of properties this year so far. The 2-storey house sits on a land area of 29,709 sqft, thus translating to a sold price of […]

The Victoria Park Bungalow, in the prestigious GCB area, was built about 20 years agi and sits on a 999-year leasehold land of size 29,955 sqft. This translate to S$1335 psf based on land area. The 2-storey house with a basement is sitting on a regular-shaped elevated plot and said to have 5 bedrooms with […]

Far East Organisation bought a Good Class Bungalow (GCB) on a freehold site of over 39,000 square feet at 16 King Albert Park. Far East is paying S$43.8 million for 16 King Albert Park, translating to S$1,117 per square foot (psf) based on the freehold land area of 39,228 sq ft. The group’s existing four […]

The first transaction in a Good Class Bungalow (GCB) Area this year, a bungalow along Jalan Kampong Chantek off Dunearn Road was sold for S$27.59 million — about S$1,003 per square foot (psf) based on the freehold land area of 27,504 sq ft. The property is in the Swiss Club Road GCB Area. Sited on […]

IN the same week that a bungalow on Sentosa Cove was sold at a near-record price, another sale has been concluded in the waterfront housing district at what some may consider a bargain basement price for an ultra-prime locale. BT has learnt that a seafronting bungalow along Cove Drive with views of the Southern Islands […]

The number of sales of Good Class Bungalows (GCBs) remains below the level they were at before the Total Debt Servicing Ratio was imposed in mid-2013, but there remains buying interest for this rare type of property. Developer OUE said on Thursday that it is buying two GCB plots in Nassim Road for $56.58 million. […]

The British government has put more of the Eden Hall land around its High Commissioner’s residence in Nassim Road up for sale, after selling off a portion in 2001. It has carved out two freehold land plots from the garden land for buyers with deep pockets interested in securing some of the plummiest land in […]

NINE bungalows in Good Class Bungalow (GCB) areas were transacted at a total of nearly S$177 million in the third quarter, down from 11 deals worth S$282 million in the second. The Q3 showing was, however, ahead of the seven deals that closed for a total S$167 million in the third quarter of last year. […]

Prime Waterfront Homes and Living in Singapore

SgBayhomes

Follow SGBAYHOMES via Email

Do you want to be informed of Singaporean property news and trends? Enter your email address to follow SGBAYHOMES and receive notifications of new posts by email.

Join 410 other followers

Welcome to SGBAYHOMES

SGBAYHOMES is a location-based portal, serving to provide valuable insights the Central Area and surrounding waterfront venues in Singapore.

What you can find here

Also acting as a "search engine" for readers for local news, relevant news about the Island of Singapore and globally will also be posted here to keep people abreast of events close to the Lion City. It includes information and updates in the waterfront residential homes under HOMES by the BAY, and also lifestyle and work matters in the same areas.
If you are looking to find out more about living in Singapore or to be kept abreast of the activities around the prime locality of the Lion City, join in the mailing list.
Whether you are owner, buyer, tenant, resident or realtor for Singaporean properties, if you are looking to look into market properties, call 94772121 or email to sgbayhomes@gmail.com for more details.